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Dfi 402: Financial Management In The Public Sector Question Paper

Dfi 402: Financial Management In The Public Sector

Course:Bachelor Of Commerce

Institution: University Of Nairobi question papers

Exam Year:2011

INSTRUCTIONS
1. Answer ALL Questions.
2. Be Clear and Concise.

Question One
(a) Discuss in details how the Central Bank of Kenya employs the Monetary Policies and the Fiscal Policies. (15 marks)

(b) Explain the major macroeconomic goals of the Fiscal Policies. (10 marks)

Question Two
(a) Government Revenue can be analysed using various indicators. Discuss. (8 marks)

(b) Why is Financial Management in the Public Sector important? (6 marks)

(c) Briefly explain what ''Vision 2030'' is about in Kenya. (2 marks)

(d) What are the key pillars of Vision 2030? (9 marks)

Question Three
a) Explain the following: (10 marks)

(i) The Consolidation Fund.
(ii) The Appropriation Fund.
(iii) The Supplementary Bill.
(iv) The Contigencies Fund.
(v) Local Authority Transfer Fund.

b) The Government can use several tools in responding to market failure. Explain (15 marks)

Question Four
(a) Discuss the various sources through which the Kenya Government raises revenue. (15 marks)

(b) Briefly discuss the Classical and Keynesian view of Fiscal Policy. (10 marks)